Denmark allocates over €400 million for reconstruction and energy recovery of Ukraine

Yuliia Svyrydenko, Vice Prime Minister of Ukraine, and Morten Bodskov, Danish Minister for Business, signed a memorandum of understanding on long-term cooperation and the reconstruction of Ukraine on 23 April. Source: press service of the Ministry of Economy of Ukraine, reported by European Pravda Details: The memorandum provides for the Danish government to allocate about EUR40 million to support the private sector involved in the reconstruction of Ukraine, as well as EUR380 million to support critical infrastructure using renewable energy.

The funding will be directed to the Danish Export and Investment Fund, which is part of the Danish-Ukrainian Fund.

It is aimed at reducing the financial risks faced by companies involved in the reconstruction of Ukraine. The Ukrainian-Danish document also provides for the facilitation of meetings between businesses of both countries and the strengthening of cooperation in shipbuilding, development and reconstruction of seaport infrastructure. Background:

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